Hennessy Capital Investment Corp. VI (NASDAQ:HCVI) Trading Down 0.1% – Here’s Why

Hennessy Capital Investment Corp. VI (NASDAQ:HCVI)’s share price was down 0.1% during mid-day trading on Monday . The stock traded as low as $10.71 and last traded at $10.71. Approximately 11,226 shares traded hands during trading, an increase of 427% from the average daily volume of 2,130 shares. The stock had previously closed at $10.72.

Hennessy Capital Investment Corp. VI Trading Down 0.1 %

The firm has a market capitalization of $156.79 million, a price-to-earnings ratio of -10.01 and a beta of 0.07. The stock’s 50-day moving average is $10.60 and its 200-day moving average is $10.61.

Institutional Investors Weigh In On Hennessy Capital Investment Corp. VI

Hedge funds and other institutional investors have recently bought and sold shares of the company. Spartan Fund Management Inc. boosted its position in Hennessy Capital Investment Corp. VI by 19.8% during the 3rd quarter. Spartan Fund Management Inc. now owns 151,405 shares of the company’s stock worth $1,744,000 after buying an additional 25,000 shares during the period. Flow Traders U.S. LLC raised its stake in shares of Hennessy Capital Investment Corp. VI by 10.3% during the third quarter. Flow Traders U.S. LLC now owns 22,441 shares of the company’s stock valued at $260,000 after acquiring an additional 2,093 shares during the last quarter. Polar Asset Management Partners Inc. acquired a new position in shares of Hennessy Capital Investment Corp. VI during the third quarter worth $6,085,000. Finally, Quarry LP acquired a new position in shares of Hennessy Capital Investment Corp. VI during the third quarter worth $1,738,000. Institutional investors own 59.54% of the company’s stock.

About Hennessy Capital Investment Corp. VI

Hennessy Capital Investment Corp. VI does not have significant operations. It intends to effect a merger, capital stock exchange, asset acquisition, stock purchase, reorganization, or similar business combination with one or more businesses in the industrial technology sectors in the United States. The company was incorporated in 2021 and is based in Zephyr Cove, Nevada.